Air cargo traffic recovers to pre-pandemic levels

Air freight traffic has returned to pre-pandemic levels, the IATA said Tuesday, but passenger traffic slumped further in January. IATA global demand as measured in tonnes of cargo shipped per kilometre was up 1.1% compared to January 2019 and rose by 3% from December 2020. Capacity is down nearly 20% from January 2019 and fell 5% from December 2020, however, as airlines have taken out of service passenger jets that also transport cargo. But for passenger traffic, which generates some 85 percent of revenues for airlines, the situation has gone "from bad to worse", said IATA. Passenger traffic, measured as revenue per passenger kilometre, was down by 72% in January from the same month last year. That is worse than the 69.7% annual drop registered in December.<br/>
AFP
https://sg.finance.yahoo.com/news/air-cargo-traffic-recovers-pre-182051584.html
3/3/21